The goal of asset management is to efficiently put your money to work, increasing your assets and building financial independence while also minimizing your risks. It is a hands-on and holistic approach to pursuing your goals. An asset manager helps you identify your goals, understand your risk tolerance, and gauge your timeline for meeting those goals. The manager then works with you to create a portfolio that reflects your circumstances.
Once you have a solid portfolio, the real work on growing your wealth begins. Your manager overseas your portfolio, stays on top of market trends and provides guidance on how to allocate your assets, including which investments to sell, buy or maintain. Strategic asset allocation is crucial for pursuing your short- and long-term financial goals, and your asset manager is dedicated to helping you work towards getting there.
Asset allocation does not ensure a profit or protect against a loss.
At Phillips Financial, our compensation for asset management depends on how well your portfolio performs, making us as invested in your growth as you are. Contact us today to set up an appointment with a financial professional.